Have you though about starting a startup or worldwide online business? If so, this might interest you!
We launched a decentralized application, called BorB. It allows you to trade crypto contracts
with no commission fees.
Developed by blockchain and cryptotrading industry experts, BorB was established to greatly simplify Web3 derivatives trading experience.
The main value of the application is non-custodiality. Users retain ownership of their private keys and assets, as they are not shared with any third party. This enables users to utilize the platform with complete trustlessness.
By shifting to the blockchain, we created a system that is independent, trustworthy, and transparent. This aligns with the new web3 philosophy, which disperses power away from corporations and intermediaries. Now, everyone has an equal chance to generate income. Smart contracts are now in charge of opening positions, managing results, ensuring profitability, processing payments, and setting quotes. The system is governed by programmed code, eliminating reliance on human intervention. Our role is limited to administering and maintaining the system while earning a 1% commission fee.
The platform has 3 main protocols:
1. Contract trading
BorB is an open source and non-custodial crypto derivatives platform dedicated to trading on a new asset class: fixed length crypto contracts. These contracts pose a simple question – will the price of an asset be Bullish or Bearish over a specific timeframe!?
They are powered by smart contracts that can automatically facilitate and execute the terms of the contracts.
There are two key elements that make up a crypto contract. These are:
The open price. This is the all-important price level. The open price is central to the contract trading – to place a trade, you must decide if you think the underlying asset will be above or below.
The expiration time. You can trade crypto contracts lasting for up to one day, with a duration as short as five minutes.
2. Earn
BorB blockchain-based reward program, is a protocol of a smart-contracts that settle the split of commissions from the trade volumes on the protocol to traders and referrals. The smart-contracts, making the settlements of the participants are opensource and available on the GitHub of the project for the community review.
There are two reward programs on BorB:
Revenue share
Referral program
3. Supply (Innovative Trading Model)
The pool provides liquidity for all contracts to maximize capital efficiency. Users who provide liquidity participate in the market-making of contract trading. Token+ is the BorB platform’s liquidity provider token made up of a pool of assets (USDC, USDT). When participants provide liquidity, BorB LP share tokens (Token+) are issued. The initial issue price of Token+ (USDC+, USDT+) is USD$1. The price of Token+ is influenced by the profit or loss of the pool and income from traders' losses. Token+ holders can withdraw at any time to receive their share of the pool, which includes any gains.
The profitability of the pool should be 2-4%.
In this case, successful traders take money from unsuccessful ones, and liquidity providers earn on volumes.
The main thing is not to allow large drawdowns. The built-in risk management algorithm regulates the balance of each pool from a strong skew, and reduces the payout percentage for traders if the profit falls. The profit of the pool should always be 2-4%.
But, to add liquidity to the pool, you need to be a B holder first.
Providing B token gives the LP right to add liquidity to the pool and capture fees generated by the platform.
This dApp works on BNB blockchain now, but it can work on any EVM network. If you want to be the owner of the brand new and super unique product on the market, PM me on Telegram.
Apply to any accelerator with that product or go funding. With good marketing it could be a 🚀
All smart contracts will be redeployed just for you + you'll get all social accounts, domains, 100% supply of the B tokens ($B) etc. Technical support for 3 month for free guaranteed.
Interested? PM me on Telegram: Alexvin1